Kuehne + Nagel said the acquisition will strengthen its nationwide warehousing and distribution network in Indonesia.
“Indonesia is arguably the most important internet market in Southeast Asia in terms of its sheer size, emerging middle class and digitally savvy population. With this acquisition we can leverage our global e-commerce strategy,” said Gianfranco Sgro, a member of the managing board of Kuehne + Nagel International AG and responsible for contract logistics.
“At the same time it allows us to strengthen our contract logistics footprint in Asia,” Sgro said. “The tightened domestic network will further enhance our value proposition of providing fully integrated end-to-end logistics solutions to our customers across Indonesia.”
The expansion of Kuehne + Nagel’s warehousing and distribution capabilities in Indonesia, where imports and exports account for close to $300 billion annually, has been a strategic focus for the company, according to Monday’s announcement.
Kuehne + Nagel also recently opened offices in Baku, Azerbaijan and Almaty, Kazakhstan to meet the growing demand for logistics services primarily in the oil and gas industry.
The company said both countries are experiencing annual GDP growth rates of around 4 percent.
Perry Neumann, president of Cluster Russia + CIS and general director of Kuehne + Nagel LLC, said, “Particularly in Azerbaijan and Kazakhstan, our proven expertise in oil and gas and project logistics and our strong global network are best suited to meet the soaring market demand and provide comprehensive state-of-the-art solutions.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now